Get personal help with your studies from any of the 45,000 experienced experts on Studybay

  • No intermediaries
  • No plagiarism
  • Any Subject
  • Always on time

Here’s an example of project completed by our experts:

Discussion Board (Example)

Document Preview:

Accounting: Prohibition of LIFO method under IFRS IFRS regulations are based on accounting principles rather than guidelines. LIFO method of inventory valuation is prohibited because it brings distortions on entities’ profitability and financial reports. Under LIFO method it profit margin. On the balance sheet effects FIFO will report a high value in the current assets which means a high current ratio. Any change from FIFO to the weighted average method would result to cost flow assumption. [...]

Order Description:

"The last-in-first-out (LIFO) costing methodology for inventory is prohibited under IFRS. The change to IFRS would force a company to adopt the first-in-first-out (FIFO) methodology or weighted average cost method. The adoption of a new costing method could significantly impact the operating results of an entity." LIFO DB.pdf What are your thoughts on this?

Subject Area: Accounting

Document Type: Personal Statement

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $10

Words 275

Pages 1

Completed in 1 day

Expert shanaya

Client Review

great work thanks

Positive
03.13.2018

Similar projects

Subject of the project is Accounting   Type of the project is Personal Statement

Discussion Board

Subject of the project is Accounting   Type of the project is Personal Statement

Ethic case

Subject of the project is Accounting   Type of the project is Personal Statement

Accounting midterm paper

Need Help With a Project on This or Another Topic?

Cooperate with seasoned experts directly — create your project now and start getting help in 2 minutes.

Studybay top experts

Reviews from Studybay Community

  • Our Studybay rating is:
    4.9
  • Our ReviewCentre rating is:
    4.8
  • Our SiteJabber rating is:
    4.5